BOJ Chief Ueda: Policy Normalisation Is Aimed At Price Stability
If Monetary Policy Normalization Is Achieved, Nominal Variables Will Be Less Of An Impediment To Official Resource Allocation We Are In Equilibrium With Wages Growing At Level Consistent With 2% Inflation Necessary To Keep Inflation At 2% Don't Know If Can Stay In Equilibrium Very Long 2% Inflation Hasn't Quite Become Social Norm Yet
If Monetary Policy Normalization Is Achieved, Nominal Variables Will Be Less Of An Impediment To Official Resource Allocation We Are In Equilibrium With Wages Growing At Level Consistent With 2% Inflation Necessary To Keep Inflation At 2% Don't Know If Can Stay In Equilibrium Very Long 2% Inflation Hasn't Quite Become Social Norm Yet